https://investors.opentext.com/press-releases/press-releases-details/2025/OpenText-Appoints-Chadwick-Westlake-Chief-Financial-Officer-To-Reinforce-Top-Priorities/default.aspx
Wonder why?
12 replies (most recent on top)
You can't blame the VP of Investor Relations for the cr-ppy stock price. Madhu had a hand in it making important financial decisions - with approval from the board.
You can't work financial magic with declining revenues, lack of innovation and an unmotivated workforce.
It's MarkB, the complicit (weak, silent) ELT and the absent board.
The only recourse to keep the company afloat is layoff after layoff.
Death spiral.
Someone must be held accountable for the stock price decline. Several months ago, they laid off the VP of investor relations. They promoted the director to VP, but he was unable to turn things around either. Investor relations is under the purview of the CFO. Since Madhu couldn’t fix the issue, she was likely also asked to leave. The new CFO hopes he’ll be able to improve the stock price. If he fails, Mark is probably next in line for termination.
https://www.glassdoor.ca/Reviews/OpenText-Reviews-E5694.htm
Nothing will get better until Mark is gone, and some board members too. A new CFO that will also have to bend to Mark’s will won’t change a thing.
Muhi's around 75—he doesn’t care much and trusts MB completely.
Muhi running Cyber, is also his last chance I bet.
Cyber is an easy money maker, if he can't make a profit on our cyber products he'll be gone next year too.
If they’ve started down the AYCE road the end is in sight. They’ve given up on cloud. You can’t do AYCE cloud. You e gotta keep the install base on prem to do AYCE. These are old “I beg you to stay” shameless contracts. Contracts of last resort back in the old days. Now it’s about survival. The shell game. License, support and cloud declining. Tick, tock.
RE: Not Enough
Your jobs are at risk not only because of location, but because OT is continuing to sell products no one wants to buy. That's it! Nothing more, nothing less.
Plus, you can't audit your way to revenue, so i know let's garnish future revenues for instant returns! Let's give away "All You Can Eat" ELAs. Maybe if we throw everything into it plus the kitchen sink, our customers will stay with us!
Just a Candian Zombie company with an egotistical, narcissistic CEO.
Was Chadwick a mate of marks from yesteryear ? If so it will be more of the same if not might be the change a lot of been waiting for.
I actually don't think Madhu knew what she was doing, or there is more to it. There was one earning call where she basically told the analysts up-front they were looking at the wrong numbers and she suggested they look at things a different way. You can't talk to the markets like that.
Wow. Big news. MarkB and Madhu were tight - he brought her over from wherever he was before OT. I think she's capable but can't really act autonomously - what MarkB says goes. My guess it was forced by the board as this dude is a "transformation" exec. I'm a former employee and get calls from analysts to discuss the company from time to time to time. I've had at least 5 invitations in the last few months so somebody is doing some research to see what is really going on. They may actually be starting to clean house.
Not enough, our entire ELT and SLT teams need replacing. Board asleep. Investors asleep. Our jobs are at risk because we are in the US and not in Canada or India, no other reason.